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Rightmove ( (GB:RMV) ) has issued an update.
Rightmove plc announced the purchase of 95,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 672.937p. This transaction represents a small fraction of the company’s total voting rights and contributes to the aggregate purchase of over 538 million shares since the program’s inception in 2007, reflecting Rightmove’s continued commitment to returning value to shareholders.
The most recent analyst rating on (GB:RMV) stock is a Buy with a £8.70 price target. To see the full list of analyst forecasts on Rightmove stock, see the GB:RMV Stock Forecast page.
Spark’s Take on GB:RMV Stock
According to Spark, TipRanks’ AI Analyst, GB:RMV is a Neutral.
Rightmove’s strong financial performance is the most significant factor, showcasing robust profitability and financial stability. However, technical analysis indicates potential bearish trends, and the valuation suggests the stock may be overvalued. These factors collectively moderate the overall stock score.
To see Spark’s full report on GB:RMV stock, click here.
More about Rightmove
Rightmove plc operates in the real estate industry, primarily offering online property search services. The company focuses on providing a platform for property listings, connecting buyers, sellers, and real estate professionals in the UK market.
Average Trading Volume: 2,051,348
Technical Sentiment Signal: Buy
Current Market Cap: £5.1B
Find detailed analytics on RMV stock on TipRanks’ Stock Analysis page.